Maine § 9-B §876 Acquisitions

Maine Statutes

§ 9-B §876 — Acquisitions

Maine § 9-B §876

Title 9-BFINANCIAL INSTITUTIONS

Part 8CREDIT UNIONS

Ch. 87DISSOLUTION, MERGERS AND CONVERSIONS

This text of Maine § 9-B §876 (Acquisitions) is published on Counsel Stack Legal Research, covering Maine primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Me. Rev. Stat. tit. 9-B, § 9-B §876 (2026).

Text

A credit union organized under the laws of this State may acquire all or substantially all the assets of, or assume the liabilities of, any other credit union organized under provisions of the laws of this State, another state or federal laws or any financial institution authorized to do business in this State; provided that such purchase or sale pursuant to this section be executed in accordance with the requirements of section 355 and be subject to the provisions of sections 357 and 358.

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A credit union organized under the laws of this State may acquire all or substantially all the assets of, or assume the liabilities of, any other credit union organized under provisions of the laws of this State, another state or federal laws or any financial institution authorized to do business in this State; provided that such purchase or sale pursuant to this section be executed in accordance with the requirements of section 355 and be subject to the provisions of sections 357 and 358.